The government of Sri Lanka was to sign an agreement Tuesday (27) with Norwegian energy firm Equinor to survey the offshore blocks JS5 and JS6 in the Lanka basin for oil and gas deposits.
Germany is stepping up its economic engagement with Sri Lanka via a spate of bilateral initiatives whilst calling for greater liberalisation and reforms to spur more investments and trade, the Daily FT has reported.
A meeting of Sri Lanka’s aviation officials with the country’s Prime Minister Ranil Wickremesinghe on Monday (26) has decided to hold the soft opening of Sri Lanka’s Northern Palaly Airport on October 15th.
Sri Lanka has broken ground to set up a 1.5 acre entertainment zone, Fantasy Island, with the country’s largest Ferris wheel and a large water park and an impressive snow cave.
Sri Lanka’s external sector has reportedly strengthened further in June 2019 with a marked contraction in the trade deficit while gross official reserves were augmented